Bankruptcy

Stora Enso has completed the co-determination negotiations concerning closing down the pulp and paper production at its Veitsiluoto site in Finland. The closure will take place during the 3Q 2021. As a result of the negotiations, 550 people will be permanently laid off. Some 28% of the redundancies can be managed throu...

Katerra announced that the company and certain of its U.S. and Cayman Island entities have voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.

Clearwater Paper Corporation announced the indefinite closure of its Neenah, Wisconsin facility, which includes three tissue machines and ten converting lines, removing a total paper production capacity of approximately 54,000 tons. Clearwater Paper intends to indefinitely close Neenah and exit the away from home busin...

The business operations of Zanders Paper GmbH discontinued from April 30, 2021. As the provisional insolvency administrator Dr. Mark Boddenberg announced, no viable concept for the continuation of the company could be found.

Stora Enso initiates a plan to permanently close down pulp and paper production at Kvarnsveden Mill in Sweden and Veitsiluoto Mill in Finland. The planned mill closures would reduce Stora Enso’s paper production capacity by 35% to 2.6 million tonnes per year.